Fossil Energy
Teekay Offshore changes name in support of new vision for sustainable future
Teekay Offshore Partners has changed its name to Altera Infrastructure March 24, 2020.
Rystad: Coronavirus and oil price crisis to wreak havoc on new project development plans
The effects of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year, Rystad Energy has said.
Lundin reduces costs to mitigate coronavirus and low oil price impact
Lundin Petroleum is taking measures to mitigate the impact of the coronavirus and low oil price on its operations, including cost cuts and dividend reduction.
Head Energy to hook up two wells on Wintershall Dea’s Brage platform
German oil and gas company Wintershall Dea has awarded a contract for two well hook-ups at the Brage platform offshore Norway to engineering and consulting company Head Energy.
Noble rig first to arrive at Nigg Oil Terminal jetty
Global Energy Group has welcomed the first jack-up rig to berth at the Nigg Terminal jetty where it would be in lay up while it waits for its next contract.
ConocoPhillips to use ‘Island Constructor’ for Greater Ekofisk work
Oil major ConocoPhillips has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for the use of the Island Constructor vessel for well intervention activities in the Greater Ekofisk Area.
Asco takes control of radioactive waste disposal firm
UK oilfield services provider Asco has acquired NORM Solutions, a provider of specialist cleaning, treatment, and disposal services for oilfield equipment contaminated with naturally occurring radioactive materials (NORM).
Prosafe to claim full contract value after EnQuest cancels rig mobilization
Following EnQuest’s cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North Sea, Prosafe has said it will claim the full value of the contract.
Total to slash over $2.5 billion from E&P business as oil crisis bites
In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about $800 million in operating costs compared to 2019.
GALLERY: World’s largest crane vessel arrives home
The world’s largest semi-submersible crane vessel, the Heerema Marine Contractors-owned Sleipnir, arrived at the Port of Rotterdam on Sunday, March 22.
Coronavirus crisis forces Aker BP to delay projects and exploration wells
Aker BP is putting on hold all non-sanctioned field development projects, postponing exploration wells and reducing production costs in order to reduce spending in response to uncertainty caused by the coronavirus crisis.
Shell moves to cut costs due to coronavirus outbreak
In response to the current market environment, oil major Shell has decided to reduce its operating costs by up to $4 billion in 2020 and to cut its capital expenditure from $25 billion to $20 billion.
Ithaca in early return of Eidesvik Offshore vessel
Norwegian shipping company Eidesvik Offshore has received notice of early redelivery from Ithaca Oil and Gas Limited for one of its platform supply vessels (PSVs).
Popular news, March 16 – 22, 2020
Offshore Energy Today’s most popular news of the past week.